Insolvency Act · 2022 Revised Edition · Part · Judicial Management
53. Duty to co-operate with judicial manager
Official textFrom Attorney General's Chambers, unchanged
Each of the persons mentioned in subsection (2) shall —
give to the judicial manager such information concerning the company and its promotion, formation, business, dealings, affairs or property as the judicial manager may at any time after the date of the judicial management order reasonably require; and
attend on the judicial manager at such times as the judicial manager may reasonably require.
The persons referred to in subsection (1) are —
those who are or have at any time been officers of the company;
those who have taken part in the formation of the company at any time within one year before the date of the judicial management order; and
those who are in the employment of the company, or have been in the employment of the company within that year, and are in
Insolvency the opinion of the judicial manager, capable of giving the information which he requires.
A person who, without reasonable excuse, fails to comply with any obligation imposed by this section is guilty of an offence and liable on conviction to a fine not exceeding $10,000, and, in the case of a continuing offence, with a further fine not exceeding $500 for every day or part thereof during which the offence continues after conviction.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
property
Defined · s 3“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
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